A Cheap Way to Invest in Global Infrastructure
George Spritzer submits:
Cohen and Steers Infrastructure Fund (UTF) is selling at an attractive discount to NAV and is an attractive way to invest in global infrastructure companies- utilities, pipelines, toll roads, railroads, airports, ports etc. The fund is well diversified and owns 150 securities. A managed quarterly distribution of $0.24 a share has been paid over the last year equivalent to about a 6% distribution yield. The distributions have included $0.032 return of capital.
On January 1, 2010, UTF changed its name from “Cohen and Steers Select Utility Fund” to “Cohen and Steers Infrastructure Fund”, at the same time changing its mandate to invest at least 80% of its managed assets in securities issued by infrastructure companies and its benchmark to the UBS Global 50/50 Infrastructure and Utilities Index.
Investing, Long Term Investment, stock market | admin March 19, 2010
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